For Sale
$1,995,000

510 Mc Clanahan StRoanoke, VA 24014

1,521 SF Vacant Bank, Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1,521-square-foot vacant bank building presents a prime redevelopment opportunity in a thriving South Roanoke commercial area. Located at 510 McClanahan St SW, Roanoke, VA 24014, this property sits on a 1.08-acre lot and offers high visibility on McClanahan Street and Franklin Road. Built in 2005, the single-story Class B building is currently vacant, providing a blank canvas for a variety of uses. The asking price is $1,995,000, translating to $1,610.78 per square foot and $2,268,518.50 per acre. The property's Commercial General (CG) zoning allows for diverse development options. Its strategic location near Carilion Clinic, Earth Fare, and Towers Shopping Center ensures high foot traffic and visibility. The property's proximity to numerous restaurants and other commercial businesses further enhances its appeal. This is an ideal investment for owner-users seeking a retail redevelopment project in a high-demand location. The property's size and zoning provide significant flexibility for future development, making it a compelling opportunity for investors seeking a strong return on investment. The absence of current tenants allows for immediate customization and development to suit specific business needs. This location offers excellent access to major roadways and a strong local economy.

Highlights

  • 1,521 SF vacant bank building on a 1.08-acre lot in South Roanoke, VA.
  • High-visibility location on McClanahan St & Franklin Rd.
  • $1,995,000 asking price ($1,610.78/SF, $2,268,518.50/acre).
  • 2005-built, single-story Class B building with Commercial General (CG) zoning.
  • Prime redevelopment opportunity near Carilion Clinic, Earth Fare, and Towers Shopping Center.

Property Details for 510 Mc Clanahan St

Property type
Retail properties, Banks
Square Feet
1,521 SF
Class
B
Year Built
2005
Buildings
1
Stories
1
Lot Size (sq. ft)
47,045 SF

Location Insight

City
Roanoke
County
Roanoke
State
Virginia
Latitude
37.2520338
Longitude
-79.9512941
510 Mc Clanahan St, Roanoke, Virginia

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510 Mc Clanahan St
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